AN ACT CONCERNING PERSONAL PROPERTY TAX EXEMPTIONS FOR MOTOR VEHICLES USED EXCLUSIVELY FOR FARMING.

SB 702 would amend state tax law to exempt motor vehicles used exclusively for farming from personal property taxes. This directly affects farmers who operate vehicles solely for agricultural purposes, such as tractors or farm trucks used on their own land. The bill's key provision removes these vehicles from the taxable personal property category under existing law. It does not change tax rates or create new requirements, only extending an existing exemption to cover farm vehicles. The change applies only to vehicles used exclusively for farming, not for general transportation or other uses.